dynaCERT Commences Shipping HydraGEN™ HG-1 and HG-2 Units to MOSOLF Group of Europe
November 13 2019 - 5:00AM
dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ)
(“dynaCERT” or the “Company”) is pleased to announce that it has
commenced shipping one hundred (100) HydraGEN™ Technology Units to
Europe, including fifty (50) Units to MOSOLF SE & CO. AG,
of Germany (“MOSOLF”) pursuant to the previously announced MOU
agreement between dynaCERT and MOSOLF (see Press Release of October
16, 2019).
Under the MOU, MOSOLF, a dealer of dynaCERT, has
agreed to an initial purchase of 1,000 HydraGEN™ Technology Units
to be delivered in 2020. However, as a result of the immediate
initial interest in Europe, fifty (50) dynaCERT HydraGEN™
Technology Units have been ordered this month following receipt of
a formal purchase order. Of the fifty (50) Units ordered, forty
(40) are for HG-145 Units and are expected to be installed
immediately upon delivery. Twenty (20) such HG-145 Units are
destined for MOSOLF-owned trucks in Germany, while the other twenty
(20) HG-145 Units are destined for large clients of MOSOLF. In
addition, MOSOLF has ordered ten (10) dynaCERT HG-2 Units for
installation on smaller MOSOLF trucks operating out of one of their
distribution depots in southern Germany.
Upon receipt of these Units, dynaCERT’s
subsidiary in Germany will be onsite to assist, train and certify
MOSOLF staff in the installation process. Michael Mayer, M.Sc.,
Dipl. Ing (FH), Product and Sales Support Manager of dynaCERT, a
qualified field service technician & technical training
Instructor based in Germany, will lead the dynaCERT GmbH
installations of MOSOLF.
Dr. Joerg Mosolf, Chief Executive Officer of the
MOSOLF Group stated, “We are very pleased to accelerate our
ordering process and installation schedule of dynaCERT’s HydraGEN™
Technology. The MOSOLF Group is anticipating continued strong
demand for dynaCERT’s products throughout Europe as market
acceptance on the continent has been very solid. The need to reduce
carbon emissions in Europe has no boundaries and is a top
priority.”
Jim Payne, President and CEO of dynaCERT,
stated, “dynaCERT is 100% committed to supporting MOSOLF in Europe
as we are with all our dealers world-wide. With this initial
shipping order, MOSOLF is demonstrating their rapid response and
the genuine capabilities of their highly respected team in
Europe.”
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes
Carbon Emission Reduction Technology for use with internal
combustion engines. As part of the growing global hydrogen economy,
our patented technology creates hydrogen and oxygen on-demand
through a unique electrolysis system and supplies these gases
through the air intake to enhance combustion, resulting in lower
carbon emissions and greater fuel efficiency. Our technology is
designed for use with many types and sizes of diesel engines used
in on-road vehicles, reefer trailers, off-road construction, power
generation, mining and forestry equipment, marine vessels and
railroad locomotives. Website: www.dynaCERT.com
READER ADVISORY
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" or "will" occur. In particular, forward-looking
information in this press release includes, but is not limited to
the potential expansion into new markets, industries and segments,
such as diesel- powered use of any the dynaCERT products and sales.
Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We
cannot guarantee future results, performance of achievements.
Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in
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the results to differ materially from those expressed in the
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ability to identify and develop and achieve commercial success for
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to maintain and improve the quality of products and services;
changes in technology and changes in laws and regulations; the
uncertainty of the emerging hydrogen economy; including the
hydrogen economy moving at a pace not anticipated; our ability to
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agreements; and the other risk factors disclosed under our profile
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risk factors should not be construed as exhaustive.
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this news release is expressly qualified by this cautionary
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accuracy of the
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On Behalf of the Board
Murray James Payne, CEOFor more
information, please contact:
Jim Payne, CEO & PresidentdynaCERT Inc.#101 – 501 Alliance
Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x
2jpayne@dynaCERT.com
Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416)
766-9691 x 1ir@dynaCERT.com
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